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Barchart
Barchart
Austin Schroeder

Wheat Bulls Give Into Weakness on Thursday

KC HRW MPLS

The wheat complex was under pressure for much of the Thursday session. CBT soft red wheat futures were 7 to 8 cents lower to round out Thursday trade. KC HRW futures were 9 to 10 cents in the red on Thursday. MPLS spring wheat futures were down 9 to 10 cents in most contracts at the close.

There is likely a little sell the fact type of reaction within the market following the Trump/Xi meeting in South Korea on Wednesday evening. Nothing on wheat specific was mentioned, other than the tariffs being lifted. 

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